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NFIB: Small businesses oppose sales tax for labor, Medicaid expansion

A poll of Colorado small-business owners found that they were opposed to extending state sales tax to labor and services – but supported the use of credit reports in making hiring decisions. The National Federation of Independent Business polled members about state and national issues related to the way they operate. NFIB has 7,500 members… Continue Reading NFIB: Small businesses oppose sales tax for labor, Medicaid expansion

Housing construction is up, consumer confidence is up and more than 21,000 new cars are expected to be sold in the county by year’s end. These are the biggest changes in this latest quarter in El Paso County from one year ago and mark some of the county’s strongest performance since bottoming out in February… Continue Reading El Paso County housing, auto sales and confidence up, UCCS report says

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Tax numbers send historic message

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Part of the media’s role, especially in our case following the local business scene, is trying to anticipate big stories — positive or negative — before they happen. That way we’re ready and know how to respond. Such was the case last week as the calendar informed us that a normally mundane item of monthly… Continue Reading Tax numbers send historic message

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Local economy strongest in two years

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It’s been a long couple of years since folks in El Paso County have bought houses and new cars. They put it off and saved their money instead. Now, there are signs that people are ready to spend, said Fred Crowley, Southern Colorado Economic Forum senior economist. The El Paso County economy showed its strongest… Continue Reading Local economy strongest in two years

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During this down economy, there aren’t too many communities that can boast they just had their best sales tax year ever. Woodland Park can. “We’re kind of thinking if we’re doing this good when the economy is bad, look out when things turn around,” said Woodland Park Mayor Steve Randolph. The city has issued 22… Continue Reading Woodland Park businesses thriving in down economy

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Ho-hum: Springs economy staying the same

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What difference does a year make? When it comes to the Colorado Springs economy: very little. At this time last year, the city was optimistic about the path forward. Fred Crowley, professor of economics at the University of Colorado at Colorado Springs and principal of the Southern Colorado Economic Forum, predicted steady recovery. And he… Continue Reading Ho-hum: Springs economy staying the same

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Most cities in Colorado believe their economic picture is improving, according to a survey by the Colorado Municipal League. A total of 62 cities say their financial outlook is improving and have turned a corner. About 20 percent said their economy was flat while 8 percent said the economic picture was getting worse. The CML… Continue Reading Sales taxes up, economic picture bright for Colo. cities

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Sales tax revenue floweth over

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Colorado Springs sales tax revenue is higher than it was this time last year and is on track to come in over budget by year’s end. The city’s 2011 mid-year financial report shows sales and use tax revenue — which accounts for 80 percent of the general fund — was $36.5 million as of June… Continue Reading Sales tax revenue floweth over

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Spurred at least in part by the suspension of certain exemptions, state sales tax revenues rose more than 8 percent in the second quarter compared to the previous year. The Colorado Department of Revenue reports that sales tax revenue jumped to $461.5 million from $426.5 million the previous year. The suspension of exemptions on items… Continue Reading Exemption suspensions generate nearly $12M for state budget

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Feb. tax receipts off 8.6%

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Colorado’s February general-fund tax receipts are 8.6 percent short of forecasts but 3.2 percent above the same period last year. Continue Reading Feb. tax receipts off 8.6%

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